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A Clear Sign That OPEC Compliance Is Working

A Clear Sign That OPEC Compliance Is Working

OPEC basket price broke beyond…

Energy / Energy-General

The Oil Tanker Captains Facing U.S. Sanctions

Jun 26, 2020 at 11:40 | Editorial Dept

Politics, Geopolitics & Conflict The United States has now added more names to its sanctions list for Venezuela-related transgressions. Five oil tanker captains--all Iranian nationals--who brought 1.5 million barrels of…

Predicting Oil’s Next $10 Move

Jun 26, 2020 at 11:37 | Editorial Dept

Looking back on the first half of 2020 in energy, it has been marked by one of the most volatile periods in the history of crude. The main WTI futures…

China’s Oil Imports From Saudi Arabia Jump To Record High

Jun 26, 2020 at 11:20 | Charles Kennedy

As China imported its highest-ever volume of crude oil in May, its imports from the world’s top oil exporter, Saudi Arabia, nearly doubled to the highest on record after fuel…

COVID-19 Could Crush Argentina’s Shale Boom

Jun 25, 2020 at 17:02 | Nick Cunningham

Holding some of the largest shale oil and gas reserves in the world, Argentina is often cited as the likely candidate for the next big shale boom, and Vaca Muerta…

Texas Oil Companies Are Already Preparing To Restart Production

Jun 25, 2020 at 15:43 | David Messler

The oilfield was served up a harsh reminder that all is not “sunshine” and “strawberries” in the oilfield today. The EIA Weekly Petroleum Status Report’s

China’s Oil Giants Are Reeling From The Price Crash

Jun 25, 2020 at 14:47 | Tsvetana Paraskova

If there is one sure thing about one of the worst oil price crashes in history, it is that not a single firm in the industry was immune…

Tax Relief Lowers Breakeven Prices For Norwegian Oil Drillers

Jun 25, 2020 at 11:16 | Rystad Energy

A Rystad Energy assessment of the temporary tax relief package for the petroleum industry that Norway recently approved reveals that the move will improve exploration and production companies’ short-term liquidity…

Iraq Considers A String Of Massive Oil Deals With China

Jun 24, 2020 at 16:58 | Simon Watkins

With the Western-leaning, reformist agenda of Iran President, Hassan Rouhani, neutered by the unilateral withdrawal of the U.S. from the Joint Comprehensive Plan of Action in 2018, hardline…

Which Oil Major Is The Most Resilient?

Jun 24, 2020 at 15:53 | Irina Slav

A few years ago, it was all about growth in oil, as fast as possible. Today, things are very different. Gone are the growth plans. Gone are the budgets based…

The Next Step In The Electric Vehicle Evolution

Jun 24, 2020 at 10:50 | Irina Slav

Many believe electric vehicles are the only future of road transportation. Equally, many are confident they will never replace internal combustion engines—not entirely, anyway.

The Real Reason Russia Joined OPEC+

Jun 23, 2020 at 15:57 | Simon Watkins

In his relatively brief stint in power, Saudi Crown Prince Mohammed bin Salman (MbS) has managed to destroy the Saudi economy in record…

U.S. Shale Has Lost $300 Billion In 15 Years

Jun 23, 2020 at 15:30 | Nick Cunningham

The U.S. shale industry peaked without ever making money.  Over the past decade and a half, the shale industry totaled $300 billion in net negative cash…

Three Companies That Are Bigger Than The Entire Oil & Gas Industry

Jun 23, 2020 at 15:01 | Alex Kimani

The oil and gas sector is notorious for booms and busts. The ongoing bust cycle, however, is beginning to look like the new norm with investors continuing to…

U.S. LNG Exports Crash By More Than 50%

Jun 23, 2020 at 13:55 | Charles Kennedy

Historically low natural gas prices from Asia to Europe and lower demand in the pandemic have resulted in U.S. exports of liquefied natural gas (LNG) dropping from 8.1…

Bullish Sentiment Is Fueling A Wave Of Oil Trades

Jun 23, 2020 at 13:17 | Irina Slav

Most news reports about oil this year have ranged from mildly to strongly negative for the battered industry. Occasionally, however, there is a glimmer of hope, such as the improvement…

Optimism Has Returned To Oil Markets

Jun 23, 2020 at 12:42 | Josh Owens

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Global Gas Production Set To Tumble In 2020

Jun 23, 2020 at 11:24 | Rystad Energy

The Covid-19 pandemic has landed a lasting blow to both oil and gas markets. Global oil production has absorbed the lion’s share of the impact, but natural gas output, which…

Canada’s Oil And Gas Industry Is Critical To Its Economic Survival

Jun 23, 2020 at 11:04 | Tsvetana Paraskova

Canada sees the oil and gas industry as crucial to its economy and economic recovery after the pandemic, and the federal government is working on getting funds through to the…

Can China’s Insatiable Appetite For Gas Save The LNG Industry?

Jun 23, 2020 at 10:11 | Vanand Meliksetian

After years of impressive growth figures, the global gas market has been hit by a perfect storm. Two consecutive mild winters in the northern hemisphere, relatively full storages,…

Oil Prices Rise As Trump Touts China Trade Deal

Jun 23, 2020 at 09:21 | Irina Slav

Crude oil rose on Tuesday morning after President Donald Trump said the U.S.-China trade deal was still on, with Brent gaining more than one percent to trade over $43…

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